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Amazon.com Inc | ReutersThe initial third-quarter report on gross domestic product showed consumer spending zooming higher by 4% percent a year, after inflation, the best in almost two years. How is this possible with interest rates on everything from credit cards to cars and homes soaring? But they were below expectations at electric-vehicle leader Tesla , which blamed high interest rates, and at Ford . "And as interest rates rise, the proportion of that monthly payment that is interest increases." At American Express , which saw U.S. consumer spending rise 9%, the mild surprise was the company's disclosure that young consumers are adding Amex cards faster than any other group.
Persons: Bill Ackman, CFRA, Sam Stovall, Ryan Marshall, Wells, Jackie Benson, Tesla, Elon Musk, GM, Mary Barra, Paul Jacobson, John Lawler, Musk, Brian Moynihan, Jeremy Barnum, Sachin Mehra, Zers, Guess they're, Stovall, chargeoffs, John Greene, Morgan Stanley, Ravi Shanker, Spirit, Sundaram, Ethan Allen, they've, Marc Bitzer, Arun Sundaram, Amanda Agati, there's Organizations: Amazon.com Inc, Delta Air Lines, United Airlines, Coldwell, Ford, General Motors, GM, United Auto Workers, UAW, Cox Automotive, Bank of America, JPMorgan Chase, MasterCard, American Express, Discover Financial Services, JetBlue, Whirlpool, Amazon, PNC, Federal, Asset Management Locations: Shakopee , Minnesota, U.S, Covid, PulteGroup, Vermont
In Ohio, Jordan is a hometown boy whose Ohio State University wrestling coach title, conservative policies and never-say-die persona on Capitol Hill have earned him more devotion than he's currently receiving in Congress. It was a common theme on a cloudy fall day in downtown Urbana, Ohio — an oasis of cafes and antique stores in the sprawling, rich farmland that makes up most of Jordan’s district. Sherry Vaught, a Democratic mayoral candidate in Mansfield, had harsh criticism for the Ohio congressman as his possible speakership looms. JD Knopp, an 18-year-old resident of Mechanicsburg, Ohio just outside Urbana, said he thinks Jordan will make a great leader for a divided Republican party. Whether Jordan becomes speaker won't affect his opinion, but it might change how he views those who keep the congressman from winning the speakership.
Persons: Jim Jordan, isn't, Jordan, Donald Trump —, He's, he's, , , Betty Lemmon, Jordan's, Joe Biden, Cynthia Leach, Jordan “, Russell Dye, Dye, Sherry Vaught, he’s, Vaught, Herb Asher, Sen, J.D, Vance, ” Asher, JD Knopp, Knopp, ” Knopp, ” ___ Samantha Hendrickson Organizations: , Democratic, Freedom Caucus, House Republicans, Ohio State University, Trump, Jordan, Associated Press, Capitol, Republican, Social Security, U.S . House, The Ohio State University, America Statehouse News Initiative, America Locations: URBANA, Ohio, Washington, Champaign County, Jordan, Urbana , Ohio, Jordan’s district, It's, Ohio’s, , Mansfield, Mechanicsburg , Ohio, Urbana
Crowds are following the funeral service on large television screens or from a radio broadcast on loudspeakers. People have arrived in London from all over Britain and the world to witness the state funeral of the monarch, who died on Sept. 8 aged 96. CELEBRATION OF LIFEShelly Chugg and Anita Evans, colleagues at Cardiff Council, left Wales at 1:00 a.m. to travel to London. "I was going to wear black, but it's a celebration of the Queen's life too, isn't it? About 33,000 people had filed past the queen's coffin during the 24 hours it was at St Giles' Cathedral in Edinburgh.
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